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A and B were partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit C as a new partner. The profit and loss sharing shall be so adjusted that A receives half of B's share and C receives one-third of A's share. Calculate new profit sharing ratio and sacrificing ratio. |
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Answer» A and B were partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit C as a new partner. The profit and loss sharing shall be so adjusted that A receives half of B's share and C receives one-third of A's share. Calculate new profit sharing ratio and sacrificing ratio. |
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